Effects of deep spending cuts won’t be felt until after the next election

Change in UK public sector investment and spending, autumn statement 2022

Spending

Investment

£10bn

12.7

4.4

0

-0.1

-0.1

-4.9

-3.7

-10

-11.5

-17.9

-6.9

-20

-10.9

-30

2023-24

24-25

25-26

26-27

27-28

Spending

Investment

£10bn

12.7

4.4

0

-0.1

-0.1

-4.9

-3.7

-10

-11.5

-17.9

-6.9

-20

-10.9

-30

2023-24

2024-25

2025-26

2026-27

2027-28

Guardian graphic. Source: Source: Resolution Foundation analysis of OBR, Policy measures database and Economic and Fiscal Outlook, Nov 2022. Note: All figures are in 2022-23 cash terms using the GDP deflator